FXCM Releases Spreads, Slippage Metrics for Q3 2017‎

Dec 11, 2017
FXCM Group has released a comprehensive spreads report for the third quarter of 2017, detailing average spreads throughout the three months to September on its trading accounts featuring ‘No Dealing Desk Execution’.

According to figures stated in the report, the average spreads on the EUR/USD, USD/JPY, GBP/USD and AUD/USD currency pairs were 0.2, 0.2, 0.3 and 0.3 pips respectively at peak trading hours. The company noted that 75% of EUR/USD and 67% of USD/JPY volume occurred during peak hours which FXCM defines as the period from 0600 – 1800 GMT from 1 July 2017 through 30 September 2017, excluding weekends.

The report also showed the average total cost to open a 1k position on each pair through the Q3 2017. During non-peak hours, average spreads on the three major pairs were doubled as shown below:


CFD Spreads Highlights
For the GER30, one of the most widely traded instruments in Europe, the company averaged 0.89 during the most active trading hours. The average cost to trade GER30, assuming a 1K trade, was £0.07 during peak trading hours.